Wealth, prosperity, and abundance are often used interchangeably. However, they are not the same at all. They do relate to each other at sometimes and our vocabulary blurs their differences regularly. Popular phrases, such as “prosperity consciousness” and “abundance mentality” and “wealth is more than money” only add to the confusion.
Here is what the dictionary says of each:
Wealth. An individual who is considered wealthy, affluent, or rich is someone who has accumulated substantial wealth relative to others in their society or reference group. In economics, net worth refers to the value of assets owned minus the value of liabilities owed at a point in time
Prosperity usually means the type of success that comes from having a lot of money. Our modern English word derives from Middle English prosperite, borrowed through Old French from Latin prosperus "favorable." The Latin word also means "fortunate," and the word prosperity does have an element of good luck.
Abundance a copious supply; great amount. fullness or benevolence from the abundance of my heart. degree of plentifulness.
Wait, here is a wild card …
But what most enlightened people consider as wealth has nothing to do with money. Seeking true wealth may mean seeking deeper relationships, more personal growth, or ways to create more meaning in life. Achieving true wealth means possessing the ability to enjoy the small, ordinary pleasures of life.
And the confusion continues.
In fact, many who strive to accumulate more and more financial wealth, do not feel prosperous and likely do not sense abundance. The desire to continue to amass more and more comes from a sense of lack, not a sense of plenty.
Don’t confuse the three. They each have distinct definitions and uses.
For more information contact Two Hawks Consulting today.
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